§ 20003 Bond Issuance Determination

• •A group of people (the committee) decides if they need to borrow money (by selling bonds) to do the things they planned.
• •They can choose how much money to borrow and can do it little by little over time.
• •They don’t have to borrow all the money at once—they can do it in small parts when they need it.

Imagine your school wants to build a new playground but doesn’t have enough money right now.

The school board (like the committee) decides to borrow money by selling bonds. They might borrow $10,000 this year for the swings and $10,000 next year for the slides instead of borrowing all $20,000 at once.